$0.94 EPS Expected for Emerson Electric Co. (EMR) This Quarter

Equities research analysts predict that Emerson Electric Co. (NYSE:EMR) will announce earnings of $0.94 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Emerson Electric’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.91. Emerson Electric posted earnings per share of $0.88 during the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The business is expected to report its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Emerson Electric will report full year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.61 to $3.71. For the next financial year, analysts expect that the company will report earnings of $4.06 per share, with EPS estimates ranging from $3.95 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS.

EMR has been the subject of a number of recent analyst reports. Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.00 to $81.00 in a research note on Monday, April 8th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Tuesday, April 2nd. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Cowen restated a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Finally, Credit Suisse Group upped their price objective on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.41.

NYSE:EMR traded up $0.51 during trading on Thursday, reaching $65.66. The company’s stock had a trading volume of 2,324,862 shares, compared to its average volume of 3,343,039. The company has a market capitalization of $39.73 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. Emerson Electric has a 12 month low of $55.38 and a 12 month high of $79.70.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 annualized dividend and a dividend yield of 2.99%. Emerson Electric’s payout ratio is 57.99%.

Several hedge funds have recently bought and sold shares of EMR. Neuberger Berman Group LLC raised its holdings in shares of Emerson Electric by 126.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 409,693 shares of the industrial products company’s stock valued at $31,374,000 after acquiring an additional 228,935 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Emerson Electric by 32.6% in the 3rd quarter. Teachers Advisors LLC now owns 1,146,703 shares of the industrial products company’s stock valued at $87,815,000 after acquiring an additional 282,003 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Emerson Electric by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after acquiring an additional 1,214,362 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $472,000. Finally, Federated Investors Inc. PA raised its holdings in shares of Emerson Electric by 469.1% in the 3rd quarter. Federated Investors Inc. PA now owns 65,629 shares of the industrial products company’s stock valued at $5,026,000 after acquiring an additional 54,096 shares in the last quarter. Institutional investors own 73.06% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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